Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: February 27, 2025

Purpose: Approve the freehold disposal of garden land known as Land Adjoining Bridgellis, Orestan Lane, Effingham Authorise the Joint Assistant Director for Assets and Property to negotiate terms for a disposal of garden land known as Land Adjoing Bridgellis, Orestan Lane, Effingham at best consideration and subsequently enter into all relevant legal documentation required to complete the sale in return for a capital receipt

Content: Decision: (1)         That the freehold disposal of garden land Adjoining Bridgellis, Orestan Lane, Effingham, be approved. (2)         That the Joint Assistant Director for Assets and Property be authorised to negotiate terms for a disposal of garden land Adjoining Bridgellis, Orestan Lane, Effingham at best consideration and subsequently to enter into all relevant legal documentation required to complete the sale in return for a capital receipt. Reason: To generate a capital receipt that will contribute towards the target to secure £50 million (net) of capital receipts from the sale of General Fund property assets, as set out in the Council’s Financial Recovery Plan to reduce Council debt and achieve a sustainable financial position.  Other options considered and rejected by the Executive: To retain the land within the Council’s ownership and continue to licence it in its current use as garden land and receive an income of £391 per annum. Details of any conflict of interest declared by the Leader or lead councillors and any dispensation granted: None.